BOJ to Weigh Bond Buying as Investors Seek Hints for July Hike

The Bank of Japan is widely expected to consider reducing its bond purchases at this week’s policy meeting, with investors also alert for any signals on the prospects for an interest rate hike next month.

Governor Kazuo Ueda’s policy board will hold its benchmark rate in a range between 0 and 0.1% at the Friday conclusion of its two-day gathering, according to all but one economist surveyed by Bloomberg. More than a half said the bank will slow the pace of bond buying from roughly ¥6 trillion ($38.2 billion) per month.